It is prudent for a student that he or she makes repayment of loans easier, so that the collage studies go well without any stress and interruptions. Therefore, if there are number of loans to be paid, then it is better to take out student debt consolidation loan that is especially carved out for merging all the loans into single low monthly payments. This way, the new loan is easily paid off and you get rid of all the old loans, which may be of higher interest rate as well.The students have two types of loans-Federal loans and private loans. It is possible that there may be both the loans against your name. Both these loans can be consolidated separately into manageable single monthly payments.All types of Federal loans, such as Stafford, Perkins and PLUS loans can be merged under federal student debt consolidation loan. One benefit is that the interest rate is reduced by 0.6 percent as per federal rule if they opt for consolidation of the debts within 6 months of graduation, which also is called as grace period. You should note that under Federal Family Education Loan Program [FFEL], a new consolidation loan is made available to the student after all his or her federal school loans are paid off completely. This program combines all types of Federal education loans into a new loan that is easy to repay. While old federal loans may have different repayment schedule and terms-conditions, the new loan has just one schedule of repayment. As a result, the student can manage the debts and is less likely to default.The federal consolidation loans are also ideal for bad credit students, as past history of the borrower is not taken as barrier in the way of the loan.As for the private consolidation loans for students is concerned, these loans can be availed in secured or unsecured options. The secured loan is a bit risky as it is given against your property. Its advantage is low rate of interest and larger repayment duration ranging from 5 to 30 years. The unsecured loan gives smaller amount in the range of £5000 to £25000 at higher interest rate for short-term of 5 to 15 years.To pick up a suitable loan as per your requirements and circumstances, you should compare various offers of student debt consolidation loan on internet. Surely, these loans are a way to easier collage studies but you should avail them in a wise manner.